"HOMEPARK SHOPPING WALLAU" OPENS ON 21 AUGUST

14 - 07 - 10Press Release

GAMES, SPORT AND CONSUMER ELECTRONICS

Whether toys, sports equipment or games consoles: visitors to the IKEA furniture store in Wallau will soon be able to buy not only BILLY or PAX but also toys, sports equipment and electronic devices. The new HOMEPARK SHOPPING Wallau opens on 21 August 2014 at 9 AM with many interesting opening offers and opportunities for participation, particularly for all families with children.

The construction work for the two-storied specialised retail store building has lasted for a year. Inter IKEA Centre Deutschland (IICD) has invested around 12 million Euros in the location with one of the first IKEA furniture stores in Germany and at the same time headquarters of the IKEA German centres. More than 1,000 people - 400 in the furniture store and 640 at the headquarters - currently work in Wallau, about 110 new jobs will follow once again with the new specialist retail centre.

"We are delighted that our long awaited specialist retail centre is now opening", says Rainer Bastians, Managing Director of IICD, "and we can offer our customers an additional family friendly range." The three lessees are the sports equipment supplier, Decathlon, electronics retailer, Expert Klein and the toys and baby products vendor, Spiele Max. 100 percent of the space is therefore let. The overall area of the specialist retail centre is around 9,700 m2 (gross floor area), no new space was sealed. In total, there are around 2,300 parking spaces at the IKEA Wallau site.

Spiele Max are celebrating the opening on all three days with a family festival including a bouncy castle, a carousel, a LEGO event, face painting, photography, a wheel of fortune and Carrera races. Decathlon will be building a six metre tall climbing tower outside on which visitors can try out their climbing range extensively and under expert instruction. In addition, it will give fitness demonstrations as well as a ball artist who will present tricks with a football. Expert Klein will be parking a "Sony truck" in front of the tower in which young and old alike can try out various Playstation games.

For the first three days of opening, HOMEPARK SHOPPING Wallau will be open at the following times: Thursday 21 August, 9 AM to 9 PM, Friday 22 August, 9 AM to 10 PM, Saturday 23 August, 9 AM to 9 PM. As of Monday 25 August, the following standard opening hours will apply: Monday to Thursday and Saturday 10 AM to 8 PM, Friday 10 AM to 9 PM.

The IICD, a sister company to IKEA, develops specialist retail centres with a broad range of offerings around the themes of life, living and furnishing. To date there have been other specialist retail centre at the IKEA sites in Hamburg-Moorfleet, Oldenburg, Essen, Cologne-Godorf, Hofheim-Wallau, Koblenz, Ulm, Mannheim, Saarlouis and Würzburg; the first IKEA shopping centre in Germany, LUV SHOPPING, is now open in Lübeck.

Inter IKEA Centre Group

Since 2001, Inter IKEA Centre Group has owned, developed and managed shopping centres in partnership with IKEA furniture stores. The company has almost 30 retail sites, more than a million square metres of developed retail space and plans for more than 20 new projects in Europe and China. In all our shopping centres, there is a strong mix of tenants made of up international retailers and local brands. The IKEA furniture store expands our catchment area, making us attractive to visitors within an hour’s drive. This combination has proven to be successful for all our stakeholders, especially our customers and tenants.